Aurobindo Pharma may gain on good Q2 results

Shares of Mahindra Logistics will be listed on the bourses today, 10 November 2017. The issue price of the IPO was fixed at Rs 429 per share, higher end of the IPO. The IPO had received bids for 10.71 crore shares compared to 1.93 crore shares on offer, data on NSE showed. The IPO was subscribed 5.54 times. The price band for the IPO was fixed at Rs 425-429 per share. The issue opened on 31 October 2017 and closed on 2 November 2017. Incorporated in 2008, part of Mahindra Group (Mahindra & Mahindra), Mahindra Logistics (ML) is an end-to-end logistics solution and service provider. The logistics solution of the company includes transportation and distribution; warehousing, in-factory logistics and value added customised services to its clients. ML operates in two distinct business segments, supply chain management (SCM) and corporate people transport solutions (PTS).

Aurobindo Pharma's consolidated net profit rise 29% to Rs 781.15 crore on 17.3% rise in net sales to Rs 4354.18 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 9 November 2017.

The company also announced dilution of company's ownership in subsidiary, Raidurgam Developers.

Mahindra & Mahindra and State Bank of India will announce Q2 results today, 10 November 2017.

NTPC announced that consequent upon successful commissioning of 50 megawatts Rojmal Wind Project at Rojmal, Gujarat, the project is declared on commercial operation from 10 November 2017.

With this, the commercial capacity of NTPC would become 43692 MW and that of NTPC Group would become 50908 MW. The announcement was made after market hours yesterday, 9 November 2017.

HDFC said that the company is now contemplating undertaking an issuance of rupee denominated bonds under the medium term note programme to International Financial Corporation, Washington. The terms of the bonds, including issue size, pricing and tenure are expected to be agreed, subject to market conditions on 14 November 2017 and will be intimated in due course. The announcement was made after market hours yesterday, 9 November 2017.

RBL Bank has completed the acquisition of more than 50% of the paid-up equity share capital in Swadhaar FinServe thereby making it a subsidiary of the Bank. The announcement was made after market hours yesterday, 9 November 2017.

Titagarh Wagons reported consolidated net loss of Rs 8.1 crore in Q2 September 2017 compared with net profit of Rs 8.13 crore in Q2 September 2016. Total income fell 10.58% to Rs 373.29 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 9 November 2017. Post introduction of GST from 1 July 2017, revenue from operations is not comparable with previous periods.

Syndicate Bank has kept unchanged marginal cost of funds based lending rate (MCLR) from 10 November 2017. The bank also kept unchanged base rate and benchmark prime lending rate. The announcement was made after market hours yesterday, 9 November 2017.

Heritage Foods' consolidated net profit fell 55.1% to Rs 7.42 crore on 31.7% rise in net sales to Rs 616.08 crore in Q2 September 2017 over Q2 September 2016. The announcement was made after market hours yesterday, 9 November 2017.

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